Silver Stackers logo

Silver Stackers

Discussion forum for those
who love to stack precious metals

You are not logged in.

Announcement

Forum registration is closed. It will reopen on Monday.

#51 2014-08-27 07:17:54

ShinyStuff
Member
From: Australia
Registered: 2011-04-29
Posts: 608
Trades :   

Re: Asian retirement

Great thread... But some thoughts.
1) if SHTF when I am in aust, then it is best to be with my friends and neighbours who can support me, and will allow me to support.
2) if SHTF while I live OS then I am the "rich gringo" who is now a target and I have no friends and family who will band with me.
3) when the global reset occurs, it will be so unlike we have known, I feel it will be better to be where I know.  Sure, life will be hard.... But it will be for all Aussies.  Esp working class ones like me.  So, at least here I don't stand out. 

So, while I think the retirement option is great, I am not a fan of the bug out to SEAsia option.

Thoughts??

Shiny.

Offline

#52 2014-08-27 09:00:29

Caput Lupinum
Silver Stacker
From: Silver Stackers forum
Registered: 2012-06-17
Posts: 4,964
Trades :   11 

Re: Asian retirement

I don't know. We've never really had the luxury of witnessing economic social panic in Australia if it were to take place. We've really only got the great depression to draw any real comparison with and life in the 30s and the demographics of Australia back then were a lot different from what they are today. Who knows how people will react. In saying that I could think of a lot worse things than sitting under a mango tree in north queensland with a fishing line dangling in the water tied to my big toe waiting to catch some dinner.

Offline

#53 2014-08-27 09:10:46

long88
Member
From: Melbourne
Registered: 2012-06-19
Posts: 763
Trades :   13 

Re: Asian retirement

i would have thought that you would spend a couple of $$$ to save time ? just bribe the officer.. it is a "standard" procedure there, to make life easier for everyone. you will find out that after your money is working hard for you, everything is so easy and quick..

in indo.. i get my license done in 10 min, brand new license with all fake id, fake exam, fake everything.. just go there.. the guy ask me the address, take my picture, fingerprint scan. and wait for the license to be printed out. then i went home with my brand new license.

and it costs me $100, whilst the official price is about $5

renovator wrote:

Ok i had to renew my philippine licence today it took 3 hours & 4 different offices . transport dept , drug test (urine)& full 10 finger electronic fingerprint scan , medical  & attorney (usually only 3 but i lost my old one & needed an affidavit of loss ) then had to leave & come back 3 hours later to pick it up .

I dont want to hear anybody whining when it takes more than 20 minutes in oz ever again lol

Offline

#54 2014-08-27 11:00:05

JulieW
Silver Stacker
From: Australia
Registered: 2010-10-14
Posts: 11,087

Re: Asian retirement

Article in the Daily Mail:

Promoting a book to be published on expat living in SE Asia.

This is the website - http://www.planet-boomer.com/

Before simply packing up and taking off though, you need to do your homework and cover some basic issues.

So the couple have shared with Daily Mail Australia their five tips for Australians looking for a cheaper and better life.

Funds

Get your finances in order before you leave. Make sure that your superannuation pension stays tax free while you are overseas. If you have a self-managed super find, it will need to be restructured to ensure it remains a complying fund. If you are relying on the age pension for income, you will need to be eligible for, and already receiving, that pension before you relocate.

Visas 

Organise your long-stay visas from Australia. There are retirement visas available in Thailand, Malaysia and Indonesia. You will need long stay visas for Europe unless you have an EU passport.

Stunning views: A benchmark waterfront apartment available for rent in Pattaya. Properties and general living costs in Southeast Asia are 80 per cent cheaper than Australia
+6

Stunning views: A benchmark waterfront apartment available for rent in Pattaya. Properties and general living costs in Southeast Asia are 80 per cent cheaper than Australia


A beachfront villa property available for rent in KohSamui. Colleen Ryan suggests Australians hoping to move to Southeast Asia consider renting properties long term instead of buying
+6

A beachfront villa property available for rent in KohSamui. Colleen Ryan suggests Australians hoping to move to Southeast Asia consider renting properties long term instead of buying

Security

Take out an international health insurance policy. It is worth the expense. There is a very competitive global market for health insurance products. Use sites like medibroker to compare products.


Rent

Renting before you buy in your new country is a great idea. You may find that it may be best not to buy at all – property rules for foreigners can often be complex and, in Southeast Asia at least, rents are very cheap.


Technology

Make sure that you get on top of technology. Get set on Skype, Viber and Facebook as they are fantastic free communication tools to stay in touch with friends and family back home in Australia.


Sell up, Pack up & Take Off is available 27th August

http://www.dailymail.co.uk/news/article … untry.html

Offline

#55 2014-08-27 13:54:16

petey
Silver Stacker
Registered: 2010-05-18
Posts: 1,149

Re: Asian retirement

ShinyStuff wrote:

Great thread... But some thoughts.
1) if SHTF when I am in aust, then it is best to be with my friends and neighbours who can support me, and will allow me to support.
2) if SHTF while I live OS then I am the "rich gringo" who is now a target and I have no friends and family who will band with me.
3) when the global reset occurs, it will be so unlike we have known, I feel it will be better to be where I know.  Sure, life will be hard.... But it will be for all Aussies.  Esp working class ones like me.  So, at least here I don't stand out. 

So, while I think the retirement option is great, I am not a fan of the bug out to SEAsia option.

Thoughts??

Shiny.

What you forget is the difference in living standards pre and post "SHTF" in these scenarios.

If you have to grow your own food and scavenge, that's a stressful situation to be in when you were used to driving your Land Rover 1.4km down the road to the local fast food joint for a super sized "value meal" for dinner.

If you've lived in a country where rice and veggies is the norm, and SHTF and you're subject to eating, well rice and veggies, no big deal.

http://www.internationalman.com/article … the-locals

Offline

The following user says thank you for this post: col0016

#56 2016-01-31 18:58:19

Silverthorn
Member
Registered: 2010-04-29
Posts: 2,573
Trades :   

Re: Asian retirement

Reported

Offline

#57 2016-01-31 19:06:12

yennus
Silver Stacker
From: Shanghai:Sydney
Registered: 2010-10-24
Posts: 4,796
Trades :   431 
Website

Re: Asian retirement

With exception to the worsening air quality, China is also a nice place to be.

i) it's as expensive or as cheap as you want (live it up like a king, or live humbly like the locals).
ii) very friendly to foreigners (unless you break some cardinal rules).
iii) large English speaking population (inside the major cities).
iv) Visas are relatively easy to obtain (working or holiday visas).
v) relatively safe inside the major cities (not as safe as Singapore, but safer than many other Asian nations)

Offline

#58 2016-10-04 05:49:52

KevinTate
New Member
Registered: 2016-10-03
Posts: 9
Trades :   

Re: Asian retirement

Some detailes on how it works in Thailand property market:
Foreign citizens can buy freehold apartments and register land to individuals but can only buy houses and villas on leasehold (30 years). The right to buy up to 1 rai (1,600 sq m) of land is granted for investments of no less than THB 40 million ($1.12M) into a project approved by local authorities. There are also limits on buying residential property in apartment buildings. During the construction of a residential unit in Thailand, the developer breaks the flats down into those that foreign nationals can register to individuals (not more than 49% of the surface area) and those registered to legal entities (51%). Therefore, foreign individuals are authorised to buy no more than 49% of all apartments in the building.

Offline

Board footer

Powered by FluxBB